GCIB GMC Analyst- Consumer and Retail
Company: Disability Solutions
Location: Chicago
Posted on: October 24, 2024
Job Description:
Job Description:At Bank of America, we are guided by a common
purpose to help make financial lives better through the power of
every connection. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities, and
shareholders every day.One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being.Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization.Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!This job is responsible for analyzing and
interpreting a client's credit worthiness, evaluating credit risks,
sources of prepayment and writing credit approval memos for annual
renewals and recommending new lending opportunities for the Global
Corporate and Investment Bank. Key responsibilities include
analyzing qualitative and quantitative data such as client's
financials, assigning risk ratings, projections, industry data, and
covenant compliance to ensure compliance with the bank's risk
appetite. Job expectations include completing regular monitoring
and underwriting tasks and supporting key internal stakeholders to
achieve successful execution of new
transactionsResponsibilities:
- Analyzes client's financial performance by comparing it to past
performance, projections, and industry standards
- Reviews financial statements, assesses the client's compliance
with financial covenants, and renews risk ratings, while
recommending changes as warranted
- Assists in the underwriting, credit risk analysis, negotiation,
and closing of new transactions or existing transactions, while
adhering to all relevant policies and procedures
- Evaluates transaction and relationship risk-adjusted
profitability to facilitate the allocation of capital
- Builds projection models for the client (as needed) based on
historical performance, industry forecasts, and other due diligence
findings
- To provide analytical and other support for credit officers,
and confidently interact with origination (Corporate Banking,
Investment Banking, Global Markets, Global Transaction Services,
etc.), risk and other support functions to support balanced
portfolio growth
- To analyze customer financial strength, business strategy,
market factors, and regulatory environment to prepare credit memos
and support management of a portfolio of large corporate
relationships focused in the Consumer & Retail and Food & Beverage
industry verticals
- To develop familiarity with various legal documents - trading
documentation (ISDAs & CSAs), syndicated loan agreement, security
agreements, compliance certificates, guarantees, letters of credit,
etc.
- To maintain close working dialogue with business partners and
analyze opportunities / risks thoroughly, and to provide the most
appropriate financial solutions to clients and the bank
- To develop product knowledge - a wide range of credit products
including loans, derivatives, trade finance, cash management and
treasury productsRequired Qualifications:
- Basic knowledge in capital market transactions as well as
banking products
- Basic knowledge of corporate debt ratings preferred
- High integrity and personal standards of quality and
willingness to take responsibility for accurate and timely
completion of deliverables
- Pro-active and positive nature, well organized, problem solving
skills and results oriented approachDesired Qualifications:
- Bachelor's degree in Business Administration, Economics,
Finance, Accounting, or related disciplines
- Minimum of 1 year of credit underwriting experience, preferably
in a bank or large financial institutionSkills:
- Analytical Thinking
- Financial Analysis
- Financial Forecasting and Modeling
- Profitability Analysis
- Research Analysis
- Attention to Detail
- Business Acumen
- Credit and Risk Assessment
- Underwriting
- Written Communications
- Collaboration
- Critical Thinking
- Portfolio Analysis
- Prioritization
- Technical DocumentationShift:1st shift (United States of
America)Hours Per Week: 40
Keywords: Disability Solutions, Buffalo Grove , GCIB GMC Analyst- Consumer and Retail, Accounting, Auditing , Chicago, Illinois
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